Home Tips Want To Stay Within Your Wedding Budget – Follow These 8 Tips
photo of young couple sitting on the sofa discussing wedding plans

Want To Stay Within Your Wedding Budget – Follow These 8 Tips

by Finance Corner

Your wedding will be one of the most memorable days of your life, and you want everything to be perfect for you, your partner, your families, and friends. However, couples striving for this perfection can often lead to the wedding budget being blown very quickly. 

Setting your wedding budget is often the easy part of the process, but sticking to it is another challenge. To help keep spending on your big day from spiralling out of control, try following these eight tips.

1. Work on Facts

Perfection is a subjective state and can be continuously changing in your mind. However, hard facts and costs give you a fixed and reliable appreciation of what you’ll need to spend, and what your budget will get you. 

As unromantic as it may seem, it is critical to work out the exact cost of everything. Planning this way will let you know what is possible, and it will save you disappointment later. 

2. Be Open With Suppliers

Being open and straightforward with suppliers and vendors will save you time and avoid disappointment. There is little point being shown a range of options for flowers, dresses, suits, and cars that you cannot afford.  Being shown options beyond your budget will make the ones you can afford seem paled when viewed side-by-side. This comparison could leave you with disappointment or encourage you to overstretch yourself financially.

photo of couple using tablet to pick flowers for their wedding day

3. Keep Track of Your Spending

Having a wedding budget is great, but it will do you no good unless you use it and keep track of your spending. Continuously comparing what you have spent against your wedding budget is one of the most effective ways to maintain control of your spending.

This type of monitoring will indicate the areas in which you have gone over budget. It will also help you identify areas where you make up for your overspending and get you back within your budget.

Record all of your spending on a spreadsheet, and make sure that you include every minute detail of what you spend, no matter how insignificant it may seem. These small costs will soon add up and become a considerable amount of money, so you need to capture them.

4. Work as a Team

You and your partner will be spending from the same pot of cash, so you have to be on the same wavelength when it comes to budgeting and keeping track of your spending. 

There will be occasions when you need to make independent decisions, and you should do this within the budgetary guidelines you both agreed. If you are both making decisions regardless of the budget and failing to consult each other, the result will likely be frustration and possibly conflict before your big day.

5. Remain Flexible

You may both set your hearts on particular aspects of your wedding, only to find that they become unavailable for your big day. Of course, you will have first preferences for most things, but also consider alternatives should some unforeseen event cause availability issues. Doing this will ensure that you are not making last-minute spending on finding exact replacements.

While you are considering cheaper back-ups, you should also run another eye over your other expenses. Can you reduce the number of flowers you use? Is it necessary to have all the chairs covered? Small amendments to less significant aspects of the wedding can free up spending on more memorable things.

photo of lady using laptop and spreadsheet to manage wedding costs

6. Choose Based on Need, Not on the Latest Trend

The wedding industry is a booming business sector, and their marketers are continuously coming up with new trends and ‘must-haves,’ often at a considerable cost. If you are on a tight budget, try to dismiss these trendy toys and concentrate on what you need for your wedding. It is fine to view such costly accessories on the Gossip magazines’ pages or celebrity wedding videos. However, think before you go blowing your wedding budget on them.

7. Limit the Guest List

One of the most significant items on your wedding day bill is catering for your guests. It would be lovely to invite everyone you know to celebrate your big day. However, the cost of the venue and catering for such a large number of people will be sure to blow your budget. It might be best to restrict the guest list to family and close friends, to ensure you’re within budget.

8. Avoid Spending At The Last Minute

As your wedding day gets closer, it is easy for nerves and doubt to creep in. It is easy for you to start questioning the choices you made, which can lead you to throw money at the issue to get it fixed.

You have to remain confident that most guests will not notice the small flaws and imperfections you see. You’ve been organising the day, so you are aware of every detail. Panic at this stage is sure to blow your budget, so stay strong and stick to it.

Conclusion

Planning your wedding day can be lots of fun, and you don’t want to become overwhelmed by the financial details. There are so many details to consider, and they all have a price tag on them. So, having a well-considered and affordable budget is vital. 

Even more critical, is sticking to that budget. Hopefully, this brief article will provide you with a few decent tips for staying within your wedding budget.

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